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Cash  

redmustang91 61M  
6718 posts
11/18/2020 5:42 am

Last Read:
12/2/2020 4:10 am

Cash


How come the GOP did so well in the House and Senate while Trump lost? An idea from the NYT suggests it is the stimulus money that helped the GOP!

It is the cash that people like! So give them cash...

At the end of March, 2020 Trump signed the Cares Act, which distributed more than half a trillion dollars in direct aid to more than 150 million Americans, from stimulus checks ($1,200 per adult and $500 per for households below a certain income threshold) to $600 per week in additional unemployment benefits. These programs were not perfect but they made an impact regardless. Personal income went up and poverty went down, even as the United States reported its steepest ever quarterly drop in economic output.

Americans received as much assistance as they did because Democrats fought for it over the opposition of Republicans who believed any help beyond the minimum would degrade the will to work for low wages employers were willing to pay. “The moment we go back to work, we cannot create an incentive for people to say, ‘I don’t need to go back to work because I can do better someplace else,’ ” Senator Rick Scott of Florida argued on the floor of the Senate.

But low-propensity voters who voted for Trump aren’t attuned to congressional debate. They did not know — and Democrats didn’t do a good job of telling them — that Trump and the GOP opposed more generous benefits. All they knew is that Trump signed the bill (and the checks) giving them cash.
The Republican Party’s strong performance can be explained simply by the fact that it was in power when the government put a lot of money into the hands of a lot of people who didn’t have it before.

The Biden administration should just embrace giving needy people cash!

redmustang91 61M  
9694 posts
11/18/2020 5:43 am

Give needy people cash!


lindoboy100 58M
22632 posts
11/18/2020 9:51 am

It is proven economics that giving money to people in need costs less to the treasury than paying for problems which arise from poverty, like criminality, health care and the like. Forcing people to work for low pay is akin to slavery.

Pull ma finger.........


redmustang91 61M  
9694 posts
12/2/2020 4:10 am

So show me the money for the needy folks.


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